Prestige estates projects Limited has incorporated two new wholly owned subsidiaries to expand its real estate development capabilities. The company announced on January 9, 2026, that both Stellar Builder Dynamics LLP and Stellar Envision LLP were incorporated on January 8, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Subsidiary Details

Both subsidiaries have been established as Limited Liability Partnerships under the Limited Liability Partnership Act, 2008, specifically to carry on real estate development business. The entities are incorporated in India and are yet to commence their business operations.

Financial Structure and Investment

The company has made identical financial commitments to both subsidiaries. Each entity received a total contribution of ₹1.00 lakh from the partners, with Prestige Estates Projects Limited and its subsidiary contributing the entire ₹1.00 lakh for complete ownership control.

Regulatory Compliance

The incorporation falls under related party transactions as both LLPs are wholly owned subsidiaries of the company. However, the promoter, promoter group, and group companies have no interest in these transactions. No governmental or regulatory approvals were required for the incorporation, and no specific time period for completion was applicable since the entities have already been established.

Business Operations

Both Stellar Builder Dynamics LLP and Stellar Envision LLP are positioned to carry on real estate development activities. As newly incorporated entities, neither subsidiary has any turnover history, and both are yet to commence their business operations. The subsidiaries will operate within India's real estate development sector.

Corporate Structure Impact

The establishment of these subsidiaries strengthens Prestige Estates Projects Limited's corporate structure for real estate development activities. Both entities are classified as related parties of the company due to their wholly owned subsidiary status, ensuring complete operational control and strategic alignment with the parent company's objectives.

Prestige Estates Projects has signed an agreement to purchase a 16.38-acre land parcel in Padi, Chennai, through Canopy Living LLP, a joint venture between Prestige Estates Projects Ltd and Arihant Foundations & Housing Ltd. The company announced this strategic acquisition as part of its expansion plans in South India's key real estate markets.

Strategic Land Acquisition Details

The acquisition involves a substantial land parcel with specific strategic advantages for future development:

Prime Location Advantages

The acquired land parcel is strategically positioned in close proximity to Anna Nagar, one of Chennai's most established residential micro-markets. Anna Nagar is particularly valued for its strong social infrastructure, excellent connectivity, and mature residential character, making it an attractive area for premium residential developments. This location offers significant advantages that align with Prestige Group's development strategy for key urban areas.

Strategic Alignment and Market Performance

This acquisition represents a key component of Prestige Group's broader expansion strategy, focusing on strengthening its presence in high-quality urban locations while maintaining a disciplined approach to capital allocation. The Chennai land acquisition supports the company's commitment to securing well-positioned assets in prime markets for future residential and mixed-use development plans.

Company Portfolio Overview

Prestige Group continues to evaluate well-located land acquisition opportunities across key markets to support its future development pipeline. The company maintains its position as one of India's most respected and diversified real estate developers, with a comprehensive portfolio including residential, commercial, retail, hospitality, and integrated townships across major cities.